Montana Wheat Price — USDA NASS Monthly & MYA Data
Montana Wheat price reached $6.09/bu in August 2026 — $0.14/bu below the US average of $6.23/bu. Monthly price received by producers, sourced directly from USDA NASS.
Wheat monthly price trend
Montana vs the US average, last 24 months of USDA NASS data
| Month | Montana price | US average |
|---|---|---|
| 2020-01 | $4.90/bu | $4.88/bu |
| 2020-02 | $4.80/bu | $4.88/bu |
| 2020-03 | $5.01/bu | $4.86/bu |
| 2020-04 | $4.80/bu | $4.85/bu |
| 2020-05 | $4.88/bu | $4.76/bu |
| 2020-06 | $4.66/bu | $4.57/bu |
| 2020-07 | $4.64/bu | $4.54/bu |
| 2020-08 | $4.65/bu | $4.54/bu |
| 2020-09 | $4.77/bu | $4.73/bu |
| 2020-10 | $4.31/bu | $4.98/bu |
| 2020-11 | $5.17/bu | $5.24/bu |
| 2020-12 | $5.24/bu | $5.46/bu |
| 2021-01 | $5.31/bu | $5.48/bu |
| 2021-02 | $5.55/bu | $5.83/bu |
| 2021-03 | $5.59/bu | $5.86/bu |
| 2021-04 | $5.66/bu | $6.04/bu |
| 2021-05 | $6.19/bu | $6.46/bu |
| 2021-06 | $6.32/bu | $6.23/bu |
| 2021-07 | $6.72/bu | $6.26/bu |
| 2021-08 | $7.06/bu | $7.14/bu |
| 2021-09 | $7.73/bu | $7.75/bu |
| 2021-10 | $8.38/bu | $7.92/bu |
| 2021-11 | $8.83/bu | $8.52/bu |
| 2021-12 | $8.51/bu | $8.59/bu |
| 2022-01 | $8.87/bu | $8.48/bu |
| 2022-02 | $9.92/bu | $9.16/bu |
| 2022-03 | $10.10/bu | $9.93/bu |
| 2022-04 | $10.20/bu | $10.20/bu |
| 2022-05 | $11.60/bu | $10.90/bu |
| 2022-06 | $11.60/bu | $9.61/bu |
| 2022-07 | $10.60/bu | $8.69/bu |
| 2022-08 | $8.66/bu | $8.55/bu |
| 2022-09 | $8.60/bu | $8.78/bu |
| 2022-10 | $9.89/bu | $9.18/bu |
| 2022-11 | $9.53/bu | $9.15/bu |
| 2022-12 | $9.51/bu | $8.97/bu |
| 2023-01 | $8.99/bu | $8.81/bu |
| 2023-02 | $9.09/bu | $8.54/bu |
| 2023-04 | $8.68/bu | $8.31/bu |
| 2023-05 | $9.23/bu | $8.07/bu |
| 2023-06 | $8.40/bu | $7.67/bu |
| 2023-07 | $8.44/bu | $7.61/bu |
| 2023-08 | $8.44/bu | $7.34/bu |
| 2023-09 | $7.23/bu | $7.06/bu |
| 2023-10 | $7.52/bu | $6.96/bu |
| 2023-11 | $6.95/bu | $6.52/bu |
| 2023-12 | $7.16/bu | $6.79/bu |
| 2024-01 | $6.85/bu | $6.77/bu |
| 2024-02 | $6.98/bu | $6.34/bu |
| 2024-03 | $6.47/bu | $6.01/bu |
| 2024-04 | $6.16/bu | $5.90/bu |
| 2024-05 | $6.45/bu | $6.19/bu |
| 2024-06 | $6.50/bu | $5.86/bu |
| 2024-07 | $6.10/bu | $5.52/bu |
| 2024-08 | $5.45/bu | $5.23/bu |
| 2024-09 | $5.61/bu | $5.36/bu |
| 2024-10 | $5.82/bu | $5.47/bu |
| 2024-11 | $5.73/bu | $5.45/bu |
| 2024-12 | $5.78/bu | $5.49/bu |
| 2025-01 | $5.62/bu | $5.52/bu |
| 2025-02 | $5.57/bu | $5.59/bu |
| 2025-03 | $5.90/bu | $5.71/bu |
| 2025-04 | $5.73/bu | $5.61/bu |
| 2025-05 | $5.78/bu | $5.58/bu |
| 2025-06 | $5.70/bu | $5.28/bu |
| 2025-07 | $5.64/bu | $4.94/bu |
| 2025-08 | $5.00/bu | $4.84/bu |
| 2025-09 | $4.73/bu | $4.76/bu |
| 2025-10 | $4.64/bu | $4.73/bu |
| 2025-11 | $4.71/bu | $4.90/bu |
| 2025-12 | $5.01/bu | $5.03/bu |
| 2026-01 | $5.21/bu | $5.07/bu |
| 2026-02 | $4.98/bu | $5.15/bu |
| 2026-03 | $5.24/bu | $5.52/bu |
| 2026-04 | $5.43/bu | $5.70/bu |
| 2026-05 | $5.67/bu | $5.88/bu |
| 2026-06 | $5.52/bu | $5.70/bu |
| 2026-07 | $5.86/bu | $6.06/bu |
| 2026-08 | $6.09/bu | $6.23/bu |
How Montana compares
Top Wheat-producing states, August 2026 price
| State | Price | vs US avg |
|---|---|---|
| Pennsylvania | $6.96/bu | +11.7% |
| Colorado | $6.88/bu | +10.4% |
| North Carolina | $6.86/bu | +10.1% |
| Kansas | $6.84/bu | +9.8% |
| Nebraska | $6.67/bu | +7.1% |
| Oklahoma | $6.64/bu | +6.6% |
| Missouri | $6.4/bu | +2.7% |
| South Dakota | $6.34/bu | +1.8% |
What this price means for Montana Wheat farmers
Montana wheat prices reached $6.09 per bushel in August 2026, climbing steadily from $5.24 in March and sitting just $0.14 below the national average of $6.23. That modest gap to the US figure is typical for Montana and reflects state-level basis factors — primarily transportation costs to export terminals and the competitive dynamics among local elevators — rather than any difference in grain quality. Looking back at marketing-year averages tells a more sobering story: this year's preliminary MYA of $5.06 per bushel trails last year's finalized MYA of $5.73 by $0.67, a meaningful step down in average realized revenue for producers across the state.
For marketing and selling decisions, it is important to treat the August monthly print and the MYA as two distinct tools serving different purposes. A farmer negotiating a forward contract or evaluating a cash sale today is rightly focused on the $6.09 figure, since that reflects current basis and near-term market conditions. However, locking in a forward contract off a single strong month can create a misleading picture of what the full season will return, especially when the underlying MYA sits more than a dollar lower. Annual revenue projections, operating loan repayment schedules, and input budgets for next season should be built around the MYA — this year's preliminary $5.06 or last year's finalized $5.73 — because those figures smooth out monthly volatility and more accurately represent what wheat actually averaged across the entire marketing year.
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Frequently asked questions — Montana Wheat price
Why is Montana's August 2026 wheat price of $6.09/bushel lower than the US average of $6.23/bushel?
Montana's wheat price sits $0.14/bushel below the national average primarily due to basis, which reflects local supply and demand conditions, transportation costs to export terminals, and regional elevator competition. Montana's inland location and reliance on rail to reach Pacific Northwest ports adds logistical costs that compress the price farmers receive compared to states closer to major export hubs.
What is the difference between Montana's August 2026 monthly wheat price of $6.09/bushel and the marketing-year-average price of $5.06/bushel?
The monthly price of $6.09/bushel represents what Montana wheat producers received on average during August 2026 alone, while the marketing-year-average (MYA) of $5.06/bushel reflects the weighted average price received across the entire marketing year, typically June through May for wheat. The MYA is the figure used by USDA Farm Service Agency to calculate commodity program payments such as ARC-CO and PLC, making it the more relevant benchmark for evaluating crop insurance and safety-net decisions.
How frequently does USDA update Montana wheat price data, and when should I expect the next revision?
USDA's National Agricultural Statistics Service (NASS) publishes monthly state-level wheat prices through its Agricultural Prices report, released on the last business day of each month for the prior month's data. Marketing-year-average prices are finalized after the close of the marketing year and may be subject to minor revisions in subsequent NASS releases, so farmers should check the most current report before locking in marketing contracts.
How can I use Montana's wheat price data alongside yield estimates to project gross revenue per acre?
To estimate gross revenue, multiply your expected or actual yield in bushels per acre by the relevant price—use the monthly price of $6.09/bushel for near-term cash sales or the MYA of $5.06/bushel for a full-season revenue projection tied to program payment benchmarks. For example, a Montana field yielding 45 bushels per acre would generate approximately $274/acre at the August 2026 price or $228/acre at the MYA, giving you a realistic range to compare against your cost of production before making forward-contracting or storage decisions.